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DEFERRED COMPENSATION
6 Months Ended
Sep. 30, 2015
Compensation Related Costs [Abstract]  
DEFERRED COMPENSATION
DEFERRED COMPENSATION

As of September 30, 2015, the Company held investments in mutual funds totaling $8.1 million, all of which related to debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans. The total related deferred compensation liability was $8.1 million at September 30, 2015. The fair value of debt and equity securities held in the rabbi trust at March 31, 2015 was $5.5 million. The total related deferred compensation liability at March 31, 2015 was $5.5 million.

The securities are classified as trading securities and are recorded on the Consolidated Balance Sheets under "Short-term investments". The liability is recorded on the Consolidated Balance Sheets under “Other long-term liabilities”.